Market Round-Up: What did you miss? A quick look at all the market moving events and big financial news of the day. From Golden Agri-Resources' Indonesian JV to Temasek mulling investing in Florida-based startup , get your daily dose of all the latest in the world of business right here.
SGX Logo. Reuters
Singapore stocks fell on Thursday, tracking weak Asian shares as weaker-than-expected China data and simmering geopolitical tensions curbed risk appetite. Asian stocks inched down from 10-year highs following a burst of Chinese data which was largely weaker than markets expected. China's fixed-asset investment, factory output and retail sales all grew less than expected, Reuters reported. Sentiment was also subdued amid reports of North Korean threats to "sink" Japan. The Straits Times Index lost 0.29 percent or 9 points to end at 3,220. Singapore's total employment in the second quarter declined by 7,300, data showed. This was less than the 8,400 originally estimated in the Labour Market Advance Release. Golden Agri-Resources, the world's second-largest palm oil producer, said it launched a major downstream fatty alcohol facility in Indonesia. Its shares jumped 2.6 percent. Temasek Holdings Pte., an investment company owned by Singapore, is planning to invest more than $500 million in a Florida-based startup, Bloomberg reported on Thursday.